Quotations
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Anthony Chan Quotes
«These numbers tell us that the underlying productivity surge observed in recent years remains alive and well. If productivity could rise by 1.1 percent during a sluggish growth environment, imagine what can happen once the U.S. reverts back towards trend economic growth.»
Author: Anthony Chan
«The fears we had that growth was pretty soft and fungible are basically coming out; that's what the data are showing.»
Author: Anthony Chan
«The retail sales figures clearly prove that betting against the consumer is a sucker's bet. Not surprisingly, the ex-auto figure on retail sales tears down the argument that consumers are only buying cars and houses.»
Author: Anthony Chan
«The much stronger-than-expected durable goods number is significant because it comes on the heels of a sizable gain the previous month.»
Author: Anthony Chan
«Yes, the published consensus estimate was higher, but that survey was compiled before the Chicago PM was released. After that number was released, many Wall Street investors feared that we could see a 47 or 48 reading [for ISM].»
Author: Anthony Chan
«You typically see, from the trough of a recession to the time when the recession ends, a 1.3-percent gain in payrolls. From when the recession likely ended, in December of last year, we've had 0.004 percent gain, instead of that 1.3 percent gain. There's a pent-up demand for labor, given such a jobless recovery.»
Author: Anthony Chan
«There's a danger in being too positive, of there being a huge disconnect between how positive a policy-maker sounds and what the economy is doing. That was probably one of O'Neill's greatest shortfalls -- the dichotomy became too wide.»
Author: Anthony Chan
«When we see a change in payrolls that is dominated by a glitch in the seasonal factor, no change in average hourly earnings and only a small gain in the length in the average workweek, we know that the message is encouraging but not exhilarating.»
Author: Anthony Chan
«[Greenspan's testimony] certainly raises the probability that the structure of any eventual stimulus plan passed by Congress will move closer to that favored by Democrats, a plan that has clearly been associated with lower revenue losses.»
Author: Anthony Chan
«The sharper-than-expected PPI decline will undoubtedly raise the stress level of [Federal Reserve officials] at the next policy meeting since it tells us price trends are moving dangerously in the wrong direction. The only consolation, however, is that this report was dominated by energy price declines. Outside of the food and energy price components, price trends appear to be stabilizing.»
Author: Anthony Chan